Current Attempt in Progress Crane Corporation has accumulated a significant amount of debt as a result of the recent launch of a constellation of satellites. currently considering acquiring and launching its largest state-of-the-art observation satellite, SkyEye. Crane's existing debt covenants stipulate that it cannot go beyond a debt-to-equity ratio of 1.73:1 and a net debt as a percentage of capitalization ratio of 0.93:1. The acquisition of Sky Eye will cost $320 million. Crane's current level of equity is $580 million, and its current level of interest- bearing debt is $1,081.8 million. Crane has a cash balance of $90 million. It will finance the acquisition with a 15-year bond of $310 million that carries a 7% interest rate sold at par. (a) - Your answer is partially correct. Determine Crane's debt to equity ratio and net debt as a percentage of capitalization ratio prior to the proposed acquisition. (Round answers to 2 decimal places, e.g. 1.25:1.) Debt to equity Net debt as a percentage of total capit